President Donald Trump on Wednesday lashed out at Nordstrom over its recent decision not to carry his daughter's clothing line, raising concerns about the use of his White House platform for his family's businesses.
Neiman Marcus Group LLC said on Friday it would withdraw its IPO, nearly two years after the upscale department store chain filed its intent with US regulators, as it grapples with weaker customer demand.
The rental service company raised $60 million in funding led by Fidelity Management and Research Company. The company will put the funding towards accelerating growth in rental and retail among others.
The retailer reported a decrease in total revenues and comparable revenues in the first quarter and a $23.5 million net loss. CEO Karen Katz says its sales are falling due to a lack of customer loyalty.